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WhitneyNH4261
30.01.2021 •
Mathematics
What is the annual percentage yield (APY) for a savings account that has an annual interest rate of 5.7% with
interest compounded annually?
APY -
%. Round to the nearest hundredth of a percent.
Solved
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Ответ:
I assume the the side you are looking for is the outside diagonal side.
To find this, you can use the Pythagorean Theorem for half the distance.
2^2 + 2^2 = c^2
4 + 4 = c^2
8 = c^2
2.828 = c
Now, multiply this by 2 because we only found half of the complete side.
The length is about 5.7 units.